Automotive Bioplastics Market Size, Share, Demand & Growth by 2033
The global automotive bioplastics market value is likely to jump from US$ 761.06 million in
2023 to US$ 2,103.28 million by 2033. This estimated growth is expected to be driven by a
CAGR of 10.7% in the global automotive bioplastics market over the next decade.
Industries like automotive and transport are increasingly using bioplastics to develop
automotive parts, thus fueling the market growth. To add to the surging momentum, the
market is observing the emergence of new feedstocks like biowaste, algae, and CO2 taken
from the atmosphere. This is expected to drive innovations in the product composition and its
capabilities.
The market for automotive bioplastics is further driven by new research studies investigating
new bioplastics potentialities. Recent research and development efforts by the Institute for
Bioplastics and Biocomposites’ (IfBB) researchers at Hannover University of Applied
Sciences is a good case. The researchers at the university are developing bioplastics that can
endure stresses and high temperatures in the automotive industry.
The project aims to prove that bio-based formulations can be high-performing plastics. The
German Federal Ministry of Food and Agriculture backs it. In the run-up to the project, it is
reported that bio-based composites are compatible with challenging high-temperature
applications with apt refinement and processing.
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Key players are collaborating to create new possibilities for brand owners and plastic
producers to consider biopolymers as a low-carbon footprint substitute for fossil-based
plastics for durable as well as durable applications. The automotive industry is expected to
benefit from such improved grades of bioplastics.
The market still needs to be challenged by conventional plastics due to the latter’s reliable
feedstock supplies, improved functionalities and subsequent processing, and enhanced
economies of scale.
“Increasing interest in bioplastics by automotive manufacturers as they pledge to turn to
sustainable processes is expected to favor the uptake of automotive bioplastics in the
upcoming years. However, market participants should consider improving the product
characteristics, technological processes, feedstock availability, and profit margins to have
the upper hand in the market competition,” says an FMI analyst.
Key Takeaways from the Automotive Bioplastics Market Report:

In 2022, the automotive bioplastics market accounted for US$ 687.5 million.

Europe is anticipated to be a prominent market for automotive bioplastics in the
upcoming period.

Australia is emerging as a budding market for automotive bioplastics.

The electric cars segment is projected to have a significant market in the upcoming
years.

Bio-based polyamide material is a highly preferred automotive bioplastic.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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